inflation

Il presidente della Fed di Chicago, Austan Goolsbee, ha rilasciato un'intervista cruciale venerdì 13 febbraio 2026, offrendo una prospettiva mista "incoraggiante e preoccupante" sull'economia. Il suo commento più significativo? È ottimista che lo shock inflazionistico delle tariffe sia finalmente giunto al culmine.

🔍 La "Rottura del Misto"
Tariffe e Merci: Goolsbee ha notato che i prezzi dei beni sembrano stabilizzarsi nonostante l'ultima ondata di tariffe. Ha espresso speranza che siamo oltre il "picco d'impatto" e che questi aumenti di prezzo si dimostreranno temporanei.

Despite the price recovery, the Crypto Fear & Greed Index remains in “extreme fear,” indicating underlying market anxiety.
What to know:
Bitcoin’s price recovered above $70,000 after a drop, driven by cooler-than-expected U.S. inflation data and increased risk appetite.Despite the price recovery, the Crypto Fear & Greed Index remains in “extreme fear,” indicating underlying market anxiety.$8.7 billion in bitcoin losses were realized in the last week, potentially signaling a capitulation event and a shift of supply to stronger hands.
Bitcoin BTC $70,307.99 has clawed its way back above $70,000, recovering from a sharp drop near $60,000 earlier in the month.
The cryptocurrency is up nearly 5% in the last 24-hour period, while the broader CoinDesk 20 (CD20) index rose 6.2% in the same period.
The rebound comes as investors react to a cooler-than-expected U.S. inflation print and signs of renewed risk appetite. The Consumer Price Index for January rose 2.4% year-over-year, just below the forecasted 2.5%.
That gave markets a reason to believe interest rate cuts could arrive sooner than expected, lifting both stocks and cryptocurrencies. Lower interest rates make risk assets more attractive, as the rate of return on risk-free or low-risk investments lowers.
Traders on prediction market Kalshi are currently weighing a 26% chance of a 25 bps rate cut in April, up from 19% earlier in the week. On Polymarket, the odds rose from 13% to 20%.
Still, the rally masks deeper fractures beneath the surface.
The Crypto Fear & Greed Index continues to reflect deep anxiety, hovering near extreme fear levels last seen during the 2022 bear market over the collapse of FTX. The index has been sitting in “extreme fear” since the beginning of the month.
Bitwise analysts noted that $8.7 billion in bitcoin losses were realized in the last week, second only to the fallout from the 3AC collapse.
“Nevertheless, the rotation of supply from weaker hands to conviction investors has historically been associated with market stabilisation phases, though such redistribution requires time to fully unfold,” Bitwise wrote.
Bitcoin treasury firms were sitting on over $21 billion of unrealized losses, an all-time high. Bitcoin’s recovery has seen that figure drop to $16.9 billion.
Thinner trading volumes are supporting the current rally during the weekend and seller exhaustion. The $8.7 billion in realized losses in the last week could be seen as a “textbook capitulation event.”
Yet, the extreme fear gripping the market poses a challenge. As Bitwise research analyst Danny Nelson told CoinDesk, the market’s “main driver right now is fear. Fear that we’ll go lower.”
That fear is seeing investors take any coming rally as a chance to sell. Whether that will keep on materializing or the shift to higher-conviction holders will see the market change directions remains to be seen.
#BTC #GoldSilverRally #Inflation
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Il Distacco Critico
Lo sviluppo monetario più significativo del XX secolo è stato senza dubbio il distacco dei legami formali tra le valute nazionali e le merci fisiche: la nascita della moneta fiat pura. Questa transizione, completata quando il presidente Nixon sospese la convertibilità del dollaro USA in oro nel 1971, segnò un fondamentale cambiamento filosofico. Il denaro non era più un diritto su un bene tangibile, ma un costrutto legale sostenuto da un decreto governativo e dalla fiducia collettiva.
Questa rivoluzione fiat ha conferito alle banche centrali un controllo senza precedenti sulla politica monetaria. Ora potevano espandere l'offerta di denaro per combattere le recessioni, finanziare più facilmente la spesa pubblica e manipolare i tassi d'interesse come strumenti economici. I benefici immediati includevano una maggiore flessibilità per affrontare le crisi economiche e l'eliminazione dei vincoli esterni sulla politica domestica.